1.
U.S. markets recover from steep losses
PHOENIX, May 4 (UPI) -- A candidate for the Republican nomination for governor of Arizona said his platform includes buying back the state's capital buildings.
Arizona in January sold and began to rent $735 million worth of state office buildings, including those used by the Legislature, The New York Times reported Tuesday.
Arizona Treasurer Dean Martin, a gubernatorial candidate, said the sale-leaseback arrangement was "unsupportable spending."
"Who wants to make a long-term investment in a state that is renting its Capital buildings?" Martin asked.
Other states have explored sale-leaseback options. In California, 7.3 million square feet of space in 11 buildings has been put up for bids that are expected to raise $660 million.
Some have complained the sale-leaseback deals only put a small dent in state deficits. Others say the stigma of selling state property to become tenants, rather than owners, is holding other states back from considering the option.
|
|
|
|
|
|
| Additional Business News Stories | |
JAKARTA, May 24 (UPI) --
Indonesia needs to address loopholes in its moratorium on deforestation, Greenpeace said.
|
LISLE, Ill., May 24 (UPI) --
A new special operations tactical vehicle has been unveiled by three U.S. companies.
|
First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
|
It is a whole new ball of wax in Europe these days.
|
| Stories | Photos | People | Comments |
View Caption
